Maersk is spending more than $1bn to push deeper into air freight, as the world’s largest container shipping group and one of the biggest winners of the global supply chain crisis looks to strengthen its logistics offering.
The Danish group is buying Senator International, a German freight forwarding company that is strong in air cargo, in a $644m deal. It is also leasing three new aircraft from next year and buying two more in 2024.
The acquisition came as Maersk on Tuesday released third-quarter results that underlined how the group has benefited from the sky-high freight rates unleashed by the supply chain crisis.
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